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Ex-Official Trolls Libra, Says China Likely to Issue Digital Currency First
28.10.2019
China's central bank could be the first to issue its own national digital currency, a former official said, while contending that Libra was doomed
China to Be First to Launch Digital Currency, Says Think Tank Exec
28.10.2019
Huang Qifan of the China Center for International Economic Exchanges said that China will be the leader in forming a national digital currency
Libra Might Become Unrecognizable by Navigating Regulatory Concerns
28.10.2019
Regulatory hostility and adoption concerns are some of the issues that Libra will have to face as it moves to release its controversial payment system
China Approves a New Cryptography Law Prior to The Launch of Its Digital Currency Project
28.10.2019
In yet another substantial step to strengthen its plans for the launch of its highly anticipated digital currency, China’s rubber-stamp parliament has approved a new law for governing cryptography, according to the latest state media report published on Saturday. The law will become effective from...
Indian Crypto Trading Volumes Accelerate on Positive Sentiments
28.10.2019
Cryptocurrency trading volumes in India have accelerated despite regulatory uncertainty and banking restrictions imposed by the Reserve Bank of India (RBI). Global trading platforms and service providers have also been expanding their operations to serve Indian users. Also read: Mistakes Crypto...
The Big Lie Perpetuated by Central Banks
27.10.2019
The central banking system controls monetary policy within a given jurisdiction, including the creation of money itself. The system is a lie and a denial of reality. The lie is political in motivation and content, and the denial of reality is rooted in culture and philosophy. Also read: Bitcoin...
Market Update: Crypto Prices Hold Steady After Massive Bullish Spike
27.10.2019
Digital currency markets are coasting along after an enormous move on Friday of more than 20-40%. The entire cryptoconomy is hovering around $249 billion as it gained a whopping $30 billion very quickly this week. Crypto prices corrected a touch since the spike, but are still well above the lows...
Is China’s New Fascination With Blockchain Really Good for Bitcoin?
27.10.2019
Blockchain development has kind of become an element of the party line in the world’s largest officially communist state. The General Secretary of the Communist Party of China, Xi Jinping, recently told a Politburo meeting that the People’s Republic has to gain an edge in the emerging...
Mistakes Crypto Owners and Traders Should Avoid
26.10.2019
There are many pitfalls one can easily get caught in when using, storing, investing or trading cryptocurrencies. While some mistakes could cost you a fortune, most of the common ones can easily be avoided. Bitcoin.com has produced a video featuring the top seven deadly mistakes crypto owners should...
Crypto Coin Tether Becomes Hot-shot Payment Method at Gambling Sites, Pot Shops
26.10.2019
Tether, the notoriously famous crypto coin, is, unfortunately, paving its way into the depths of the digital currency niche by evolving as a strong medium for the trading of goods and services. The virtual currency has been at the center of focus for all the bad reasons in recent times. Many...
Bahamas to Release Fiat Digital Currency to Counter Cash Dependence
26.10.2019
The Bahamas’ central bank is planning to release a national fiat digital currency to ensure the economy’s resilience in the event of a natural disaster
Market Update: Crypto Prices Spike Significantly In a Matter of Minutes
25.10.2019
Digital currency markets have seen a strong price spike on Friday, adding billions to the overall market capitalization of the entire cryptoconomy. The surprise upward trend shows a few of the top-performing cryptocurrencies have gained between 10-20% in the last 24 hours. Also read: FATF Starts...
McKinsey: Majority of Banks May Not Be Economically Viable
25.10.2019
Management consulting firm McKinsey & Company has published a global banking review and found that a majority of banks worldwide may not be economically viable. More than half of them still do not generate their cost of equity 10 years after the crisis and may not survive an economic downturn....
State Bank of India Chief Argues Crypto Regulation Is a Must
25.10.2019
The chairman of the State Bank of India (SBI) has spoken in favor of cryptocurrency regulation in an interview. He believes that it is necessary to regulate cryptocurrencies. Last week, the chairman attended IMF meetings in Washington, D.C., with Finance Minister Nirmala Sitharaman. Also read:...
Mario Draghi Leaves European Central Bank Without Ever Raising Interest Rates
24.10.2019
Preparing for a change at the top, the European Central Bank has decided to keep interest rates on hold and at their all-time lows. Mario Draghi, who had his last monetary policy meeting as president of the ECB, is leaving after an eight-year term during which key rates were never raised. At...
3 Major Signs That Precede the Fall of World Reserve Currencies
24.10.2019
The story of reserve currencies is long and stretches far back into ancient times. As modern history shows, however, the average lifespan of fiat reserve assets is just around 100 years. This means that even the U.S. dollar’s period of dominance is probably nearing its end very soon...
Libra Could Serve as Counter to Chinese Digital Currency, Says Zuckerberg
23.10.2019
Facebook CEO Mark Zuckerberg painted the Libra stablecoin project as a way to counteract a possible Chinese digital currency
How Fiat Money Fails: Deconstructing the Government’s Paper-Thin Promise
23.10.2019
Fiat money has a surprisingly short lifespan. The almighty U.S. dollar currently serving as world reserve currency is not exempted, in spite of all proclamation that it cannot fail. Throughout history, fiat money has failed over and over again, where sound assets like gold have survived. Ruling...
Bank Crisis Spreads in India – Deaths, Strike, Supreme Court Denial
23.10.2019
The Indian banking sector is facing multiple challenges. Customers of several cooperative banks are still struggling to withdraw their money, and deaths have been reported in connection with withdrawal restrictions. Meanwhile, some 300,000 state-run bank employees are on strike against what...
Trump’s Former Federal Reserve Nominee Planning to Unveil a Stablecoin
22.10.2019
US President Donald Trump’s former nominee for the Federal Reserve, economist Stephen Moore, is all set to unveil a new stablecoin, according to the reports published on October 21, 2019. The stablecoin, referred to as Frax, is being planned by Moore along with other entrepreneurs namely Ralph...